Caretaking Management Rights, Surfers Paradise
Management Rights
ActiveHospitality & TourismQueenslandB2B
Asking price
$1,650,000
Disclosed · AUD
Revenue (est.)
~$1,644,544
Estimated · comparable listings of this type and size
Net Profit
$384,330
Implied multiple
4.3×
asking / earnings
Brief
- Caretaking-only management rights in a 55-apartment, 39-level high-rise in Surfers Paradise
- New 10-year standard module caretaking agreement
- No requirement to own real estate within the complex
- Manager's office plus multiple storage facilities on the ground level
- Building amenities include two resort-style pools, gym, yoga and meditation studios, sauna, steam room, bar/lounge and sky gardens
- Reception staffed weekdays and Saturday mornings; can be unmanned provided the manager is contactable
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